Welong Holdings: Controlling shareholder changes to Qi Xin Digital Technology, stock resumes trading.

Weilong Group announced that the controlling shareholder, Xinghexirang, signed a share transfer agreement with Ateyunxiang and Qixinshuke. Ateyunxiang designated its wholly-owned subsidiary Qixinshuke to acquire 15.10% of Xinghexirang's shares at a price of 7.45 yuan per share, to offset the 374 million yuan debt owed by Ateyunxiang to Xinghexirang. Ateyunxiang and Qixinshuke do not need to pay any transfer price to Xinghexirang. Ateyunxiang designated its wholly-owned subsidiary Qixinshuke to acquire 8.02% of the shares held by Phoenix at a price of 7.45 yuan per share, to offset the 198 million yuan debt owed by Ateyunxiang to Phoenix. Ateyunxiang and Qixinshuke do not need to pay any transfer price to Phoenix. After the completion of the transaction, Qixinshuke holds 23.12% of the shares, and the controlling shareholder of the company is changed to Qixinshuke, with the actual controller changed to the Zibo Municipal Finance Bureau. The company's stock resumed trading on May 13th.